Hirano, Keisuke; Porter, Jack R. - In: Econometrica 77 (2009) 5, pp. 1683-1701
This paper develops asymptotic optimality theory for statistical treatment rules in smooth parametric and semiparametric models. Manski (2000, 2002, 2004) and Dehejia (2005) have argued that the problem of choosing treatments to maximize social welfare is distinct from the point estimation and...